How to calculate Real GDP from Nominal GDP rate ?
|What economic indicators do I need to know, to calculate Real GDP from Nominal GDP ?|
|To calculate Real GDP from Nominal GDP, you to need know GDP deflator value. The GDP deflator is the measure of the price level.|
The price level can be affected by inflation or deflation. The difference between GDP deflator and the Consumer price index (CPI) is often quite small.
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